Citigroup set new profit targets that sit below those of its Wall Street peers, sending the stock down 3 % in pre‑market trade. CEO Jane Fraser unveiled a return‑on‑tangible‑equity (ROTE) goal of 11‑13 % over the next two years and 14‑15 % in the medium term, a modest plan that disappointed investors and the market reaction underscores the gap between Citi's ambitions and peer expectations.

The move follows a four‑year overhaul led by Fraser, which cut thousands of jobs and trimmed global operations. Citi has shed most retail banking outside the U.S. and shifted focus to investment banking and wealth management, hiring talent from rivals. Still, the bank remains under two U.S. regulator consent orders that have weighed on its share price and market view.

Analysts at RBC Capital Markets called the targets "underwhelming" and noted the glide path to 14‑15 % is slower than hoped. They praised the buyback plans and the appointment of new CFO Gonzalo Luchetti, who will steer the domestic consumer arm. Investors will watch whether Citi can close its legacy‑system gaps and lift its ROTE to match peers for long term growth.